LPG prices rolled back

MANILA, Philippines – Consumers on Thursday will see lower liquefied petroleum gas (LPG) prices, reflecting lower contract prices in December.

In an advisory, Petron Corp. said the firm will roll back Gasul and Fiesta Gas prices by 50 centavos per kilogram effective 12:01 a.m. today.

At the same time, Petron said it would likewise decrease Xtend AutoLPG price by 28 centavos per liter.

“These reflect international LPG contract prices for the month of December,” the oil firm said.

In another text advisory, Isla LPG Corp. said Solane-branded LPG prices will be reduced by 46 centavos per kilogram effective 6 a.m.

Other LPG retailers have yet to announce their respective price cuts.

Prior to the price rollback, an 11-kilogram cylinder was priced from P430 to P661, data from the Department of Energy showed.

Last February, oil firms declared a rollback of as much as P3.40 per kilo in LPG prices. The cut is equal to a P37.40 reduction in the price of the company’s 11-kilogram tank.